The US economy is losing steam as retail sales show their biggest decline in 12 months
Retail sales down 1.1% in December; November sales fell Core sales down 0.7%; November sales not reviewed Manufacturing output is down 1.3%; November production cut Producer prices down 0.5%; up…
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Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
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US retail sales fall after hefty gains; labor market still tight
Retail sales fell 0.6% in November Core sales down 0.2%; October sales have been revised lower Weekly jobless claims fall by 20,000 to 211,000 WASHINGTON, Dec. 15 (Reuters) – US…
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